NewsBrief September 3, 2024 Diamond Market Sees Slow August RAPAPORT PRESS RELEASE, September 3, 2024, Las Vegas… Diamond trading was sluggish in August due to seasonal effects and general uncertainty about consumer demand. Polished prices continued their downward trend. Okavango Seeks $300M Credit to Expand Diamond Purchases Move preempts increase in Botswana trading firm’s access to Debswana production. Chow Sang Sang Opens First Synthetics Location, Expands Line Retailer launches pop-up in Hong Kong and will offer lab-grown diamond and sapphire jewelry. Hong Kong Luxury Sales Decline as Consumer Spending Shifts Increase in outbound tourism leads to buying abroad. Trending Stories IGI Files for $477M Initial Public Offering Indian Demand for Diamond Jewelry Takes a Hit from Gold RAPAPORT TRADE ALERT: US Imports of Diamonds and Diamond Jewelry Now Require New Certification Statements from Importers Events Rapaport Quarterly Pawnshop Auction September 16-24 New York & Dubai More Details Rapaport Melee Auction September 17-26 New York & Dubai More Details Rapaport Single Stone Auction September 17 – October 1 New York, Dubai & Israel More Details The RapNet Diamond Index (RAPI™) is being revised due to elimination of diamond listings from China. These diamonds have been listed at low prices, with sellers demanding extra fees related to currency conversion. This week’s technical increase in RAPI indices does not reflect any sudden change in market conditions or prices. RapNet Diamond Index (RAPI™) Diamond Data Size Index Weekly Monthly Y2Y  0.30 ct 1,068 -2.66% -2.82% -27.13%  0.50 ct 1,745 -1.98% -0.94% -15.01%  1.00 ct 4,885 -1.39% -1.06% -23.35%  3.00 ct 18,816 -1.02% -1.04% -17.38% Rapaport Investment Grade Diamonds

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